📢 Gate Square Exclusive: #PUBLIC Creative Contest# Is Now Live!
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Aug 18, 2025, 10:00 – Aug 22, 2025, 16:00 (UTC)
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Post original content on Gate Square related to PublicAI (PUBLIC) or the ongoing Launchpool event
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Electric vehicle company Faraday Future launches a cryptocurrency treasury worth 30 million dollars.
Faraday Future, a Nasdaq-listed electric vehicle startup, is making a strong push into digital assets with plans to establish a $30 million crypto reserve fund, aiming for $1 billion. The company will launch the "C10 Treasury" and the "C10 Index" to follow the top 10 cryptocurrencies ( excluding stablecoins ), while also researching ETFs. The fund is designed to generate profits from staking, support innovation, acquisition of stocks, and expand assets.
Faraday Future also announced the "EAI Vehicle Chain" system that allows for selling cars using tokens and receiving payments in crypto. The plan has received support from California Treasurer Fiona Ma, who believes this is a step to attract investment and promote sustainable development.
Despite many difficulties and investigations from the SEC, FFAI stock has still increased by 75% in the past 6 months. This trend reflects the wave of public companies expanding their Bitcoin and crypto reserves globally.